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TABLE XXIV
OFFICIAL RECEIVER (IN BANKRUPTCY) ACCOUNT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 1967
Cr.
RECEIPTS
PAYMENTS
To Balances as at 1st April 1966:
Cash at Bank
$484,532.34
ታካ
Cash in hand
40.55 $ 484,572.89
13
**
---
Creditors' Deposits for sundry purposes Realization of assets of bankrupt estates Interest on Fixed Deposits, Deposits at Call and investments
:
4,400.00 1,253,006,21
55
Official Receiver's Fees
+3
107,001.89
23
Refund of Deposits
Loan from Hong Kong Government re The Ming
Tak Bank
1,700,000.00
The Ming Tak Bank:
HD
Refunds of Deposits, Rates, Tax etc. re The Ming
Completion of contracts
Tak Bank
16,282.37
DE
15
Award by Tenancy Tribunal Mee Heung Store Contribution in respect of a Composition re Tung
12,000.00
-
Yick Sauce Co. Miscellaneous receipts
++
100,000.00
3,698,22
$3,684,645,08
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST March 1967
By Payments to creditors:
Preferential creditors Dividends to creditors
Transfer to a Bankrupt's Trustee
38,749.09
380,278.60
Expenses on administration of bankrupt estates
Payments re uncompleted projects of
Minor Construction & Maintenance
Interest on Government Loan
... $1,485,766,11
94,426.77
688,350.46
2,268,543.34
Payment to Registrar, Supreme Court, to meet a possible claim by a creditor of Gin Nih Weaving Factory
Payment to Companies Liquidation Account Miscellaneous Payments
Cash at Bank
>>
3,873.28
Balances as at 31st March 1967:
$ 603,394.18
109.42
603,503.60
$3,684,645.08
Cash in hand
$ 419,027.69
157,325.58
97,268.17
78,661.97
3,686.10
52,500.00
255.35
98
LIABILITIES
ASSETS
Creditors Deposit for Sundry purposes Less expenses paid therefrom Sundry creditors
Unclaimed dividends
Undistributed assets of bankrupt estates Loan from Hong Kong Government (re The Ming Tak Bank)
Notes: (1)
(2)
+
$17,927.10 1,886.98 $
16,040.12
Fixed Deposits Deposit at Call
Advance Account re The Ming Tak Bank
Balance as at 31st March 1967:
Cash at Bank
$603,394.18 109.42
1,822,33
20,620.34
2,345,020.81 9,900,000.00
$12,283,503.60
Cash in hand
The above Statement includes only such assets of Bankrupt Estates as have been realized. The advances to The Ming Tak Bank have been made out of monies made available by way of loan (on mortgage or otherwise secured) by the Hong Kong Government and will be recovered on realization of the bank's properties.
CERTIFICATE OF THE DIRECTOR OF AUDIT
W. K. THOMSON, Registrar General, (Official Receiver). 17th May 1967.
The attached Statement of Assets and Liabilities and the accompanying Statement of Receipts and Payments have been examined in accordance with Colonial Regulation 257. I have, obtained all the information and explanations that I have required, and I certify, as a result of this audit, that in my opinion the Statements are correct.
$ 1,650,000.00
130,000.00 9,900,000.00
603,503.60
$12,283,503.60
AUDIT DEPARTMENT,
Hong Kong, 4th September 1967.
D. G. BRITTON,
Director of Audit.
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